Commercial property/casualty premium increases in the second quarter 2024 were flat or down from the previous quarter for all lines of business—evidence of a softening insurance market, according to The Council of Insurance Agents & Brokers (CIAB) quarterly survey. Premiums …
The ordinance-or-law endorsement in a commercial property policy may require Cincinnati Insurance Co. to pay $1.3 million to replace a roof that suffered only $23,000 in tornado damage. A panel of the 8th Circuit Court of Appeals on Thursday reversed …
The Iowa Supreme Court on Friday ruled in two separate decisions that COVID-19 did not cause a physical loss or damage that would allow a private golf club or a restaurant and bar to recoup income lost during COVID-19 shutdown …
San Diego, CA, March 4, 2015 – National third party administrator, American Claims Management Inc. (ACM) announced that Timothy O. Allen joined its team as the vice president of property claims in January 2015. Allen brings more than 20 years …
The state-run property insurer of last resort in Louisiana plans to lower commercial rates. The Advocate reports the bulk of those cuts would benefit the 352 commercial policyholders Louisiana Citizens Property Insurance Corp. covers in coastal areas. Those policyholders would …
A court that specializes in handling complex business litigation will be created under a three-year pilot program meant to improve the efficiency of the Iowa judicial system. The Iowa Supreme Court issued an order Friday establishing the Iowa Business Specialty …